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|Author:||steinfroilein [ Sat Aug 04, 2018 5:50 am ]|
|Post subject:||Basel 2019|
The headlines are currently in the branch and some rumor back and forth about the future of Baselworld and now there's already the "Swatch Group bang".
Review: The MuBa (Mustermesse Basel) was founded in 1917 and shaped the fortunes of the watch and jewelery industry for almost a century. In 1972, exhibitors from Germany, France, Great Britain and Italy were in Basel and since 1986 foreign exhibitors also from USA - EUSM - that's how the Basel trade fair was known as the "European Watch and Jewelery Fair". Youngsters in the branch know this since 2003 as "Baselword".
But what what will happen in future?
The spacious new building in 2013 casts a dark shadow with around 350 million USD. After CEO Sylvie Ritter resigned last year, CEO René Kamm follows her today and quit the Basel MCH Group.
The high exhibitor prices forced some of the industry to go to Freiburg Germany for the JGF Europe Jewelry Fair, which was launched in 2014 as a competition to Baselworld and Inhorgenta Munich. But this too was discontinued in 2017, as it lacked not only attractive exhibitors, but also visitors willing to buy. Basel itself saw an exhibitor decline of almost 50% compared to the previous year and is officially known to be in the red. 2018 Baselworld shortened already 2 exhibitor days.
And now this: Nick Hayek (Swatch Group) had threatened last days as a major exhibitor with a retreat, and will leave Baselworld. Within the MCH-Group Basel there is a rumor that Hayek could be come back after Kamm's resignation ....
At the same time, Basel peeoples fear that other exhibitors will feel similar to Swatch Group ...
https://www.bloomberg.com/news/articles ... baselworld
Does the withdrawal of Hayek possibly mean the end for Baselworld?
Some of you GO-members visited EUSM and Baselword. What are your opinions?
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